BOSS Wallet data source, latest price news from Optimism, OP real-time price rose by 3.04% to $1.965, trading volume $262 million

According to the analysis results of the candlestick chart, it is currently in a consolidation trend. Compared to 12:00, it has dropped significantly, but has rebounded since 05:00. When the price rises while trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and the risk of a high-level pullback should be taken seriously. Investors should pay attention to whether trading volume can support price increases and whether new buying pressure is entering the market.
Trading volume decreases while price increases. The Williams indicator shows that the current market state is overbought. Recently, trading volume has decreased, with volume down compared to the previous hours, while the price has risen and volume has fallen: upward momentum is weakening.
Upward momentum is weakening, it is recommended to stay on the sidelines and pay attention to changes in trading volume, being cautious of the risk of price pullbacks.

The above content is for reference only and does not constitute investment advice.